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ceiling even though some republicans may be ready to cave. either way, you'll be serious to know the matter what happens, the credit rating could still get whacked. and bus drivers go on strike stranding more than 100,000 kids, many of them disabled. at stake in this battle, the kids, and millions of your dollars of tax money. more money coming up. officemax has exactly the ink... your business needs... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. with any qualifying $75 ink purchase. adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good new
increase in the debt ceiling. also says despite what some pessimist might say, house republicans still plan to pursue tax reform this year in the house. whew. melissa: it'll be interesting to see the hold up on anything real on the spending cuts side. thank you so much. lori: the anticipation builds. there seems little hope for social security and medicare reform on capitol hill. a group of u.s. have come up and created a plan including raising the age of eligibility for full retirement benefits from 66 to 70 with the way cost adjustments were measured. the plan calls for bumping age of eligibility from 65 to 70 and reducing the benefits available for wealthier participants. sounds good to me. i love working. melissa: it makes logical sense, we are living so much longer now and people are working longer, it is an old any longer. lori: and it doesn't give enough time to put away enough money for the extra decades if you'ree lucky enough to live. melissa: not seeing anything to what you're investing appetite? how about heading to deutsch land. why they think germany is the place to put your m
: the new republicans in congress were threatening to vote against raising the debt ceiling. if congress didn't act by august 2, the federal government would be unable to pay its bills. >> in 2010, when all these republicans were running for congress, many of them avowed tea partiers and the rest of them riding the tea party wave, the subject of the impending debt ceiling came up frequently and virtually all of them campaigned saying... pledging not to raise the debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican leader,
, if we go over the debt ceiling, we don't exceed -- we don't increase the debt ceiling, republicans aren't going to win the debate. they'll argue that they're not increasing it because they don't want to control spending, but they're not going to win the debate, because what will happen is that the white house will pay with the cash flow of the country the debt, the interest on the debt. the debt won't default. what they might not pay and will certainly threaten not to pay are social security checks. and the moment that the american citizen figures out that the social security checks might not go out, game's over. because, believe me, no congress can stand up to the senior lobby if it's concerned and rightly concerned about its ability to exist because it doesn't get it checks. so that's not a legitimate process, to take the debt ceiling as the hostage. the appropriate goal here whether the debate should occur, plus, if you use the debt ceiling as the issue, the president gets to talk about default, he gets to talk about social security, and from a republican standpoint, we should be tal
. republicans are calling for budge cuts in return for raising the debt ceiling, but president obama came out swinging during his news conference on monday claiming he's already gone a long way toward closing the budget gap. joining us now to fact check some of his statements, stephen hayes, a senior writer for the weekly standard and a fox news contributor, douglas holtz-eakin is now president of the american action forum. just as a general rule, steven, when you heard the president speaking in that news conference, was he generally being honest with the american people about the state of our finances? >> well, i would say there were some things he said that were true, some things that he said that were, i think, misleading. importantly, he didn't put into proper context the discussion that we're having nationally about the debt ceiling and about the state of our finances more broadly. if you look at where we are, more than $16 trillion in debt, the president is right when he says that what we're talking about when we're talking about raising the debt ceiling is paying bills we've already ra
on "the willis report", republicans split on their debt ceiling stances? we have against the weight on what is really going on. and earnings season is in full swing. our expert is here to share the financial sea of hot on right now. and in hard times, what industry has thrived? even the wealthy are flocking in. the star of on stars, richardson is here to discuss how you can cash in. we are on the case next on "the we are on the case next on "the willis what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. ♪ ♪ [ male announcer ] you don't have to be a golf pro to walk like one. ♪ when you walk 10,000 steps a day, it's the same as walking a professional golf course. humana. health and well-being partner of the pga tour. stay top of mind with customers? from deals that bring them in with an o
go over the debt ceiling, we do not increase the debt ceiling, republicans will not win the debate. they will argue they are not increasing it because they do not want to control spending but they will not win the debate. what will happen is the white house will pay with cash flow of the interest on the debt. the debt will not be called. what they might not pay our social security checks. the moment the american citizen figures out they may not go out, the game is over. tenfold. because believe me, though congress can stand up to the senior lobby. so that is not a legitimate process to take the debt ceiling as the hostage. the appropriate goal, whether the debate should occur. the president gets to talk about the faults. he gets to talk about social security. we should be talking about spending. spending restraints. where is the logical place to do this? the logical place is on the sequestered. that is where the next pressure point should be. we should have the debate over how much spending should be restrained and how it should be restrained. the sequester is a 1.2 trillion dollar
very much, michelle caruso-cabrera as always. now we're going to go from guns to the debt ceiling to the future of the republican party. there's a lot i have to say with my friend msnbc anchor joe scarborough. i think joe and i are about to give you all some republican reform thinking but we'll wait until after the break and see. >> four weeks to plan and then look at the -- -- ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. to welcome back >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour the debt ceiling debate now seems to be splitting conservatives. that's right. and, again, i say raise the debt ceiling and then for the president to make spending cuts and follow through on the sequester. many conservatives including m
we have got more on the debt ceiling, we know that republicans are already losing on that. so we have got to be very careful on that. the president knows that and that's part of the strategy of going directly to northwestern people. >> let's take a look at a new cnn time orc poll that talks about that stricter gun control laws and what the temperature is. 55% favor districter gun control laws. and then if we look back just a little bit further to "the washington post," abc poll, they talk about armed guards in schools. this is where the dichotomy in school -- the poll shows that 55% support having armed guards in school whereas 52% oppose that. and karen, i want to start with you on this one. because for the people on the left who are proud to say they support second amendment rights, we look at that contrast there where people want to see districter gun control laws, but they also think that there is a legitimate discussion to be had about having armed guards at school. >> we haven't had that discussion. remember the -- thomas -- when you talk about having armed guards, you talk abou
and comprehensive, and that's one of them. >> very last thing, on the debt ceiling. republicans like pat toomey have suggested that you should prioritize what debts you pay off so that things like social security get paid -- payments. as the president said in his press conference last week, he wants them to be paid; wants to make sure people don't lose their benefits. why not prioritize those payments? i just want to give you a chance to respond to the republican plan that's out there. >> sure. well, there's not a specific plan; there's somebody talking about it. but let's be real here. there is no off-ramp. there is no way to mitigate the horrific economic consequences of default. choosing whether you pay social security beneficiaries or combat troops in afghanistan, or veterans who depend on the va for benefits, or bondholders -- these are choices that are about default. and the fact is default is not an acceptable option here. congress has to simply do its job and pay the bills that they've already racked up, meet the obligations that they have already made. and then we continue to debate how we
to end the fight over raising the nation's debt ceiling once and for all. get rid of the debt ceiling all together. that's the limit on how much money the government can borrow. the feds say they could run out of money to pay the bills as soon as next month but republicans refuse to raise the debt limit without new spending cuts. doug mckelway is life on capitol hill. what is the plan from these house democrats? good evening. >> well, bill, they introduced legislation today that would basically amend the statute. the law that put the debt ceiling in place in the first place. it would do so by removing the cap on the treasury of borrowing money. its chances of passage in the republican controlled house are basically slim and none. but at least it allows democrats to paint the republicans as extremists in their desire to attach the debt ceiling to spending cuts. and that's exactly what congressman gerald nadler democrat of new york did today along with other democrats, listen up. >> the intent on blackmailing the country. they say to us if you do not agree to massive cuts to social security
with the president on the debt ceiling. you know, what are we doing about the kids that you care so much about? neil: you know, charlie, you represent young people to get their minds attune to what's going on, and the possibility, that their share of this burden will be greater, and what reaction do you get from other young folks when they hear you say that? >> a lot of young people nowadays do not care. when you saw in november when the election was framed on social issues, they won't think about this. we are trying to use the kids, lack of a better term, as the national props why the politicians are stealing the money. my generation is going to inherit so much money that we never had a chance to earn. we have to pay that off through working extra hours and standard of living will be lower because of that. neil: your generation, guys like your age and my daughter's age or you're a little older than those showcased today, but not a lot older. you are their big brothers and sisters, and you are trying to send a message to the president that, look, this is something that bears attention as well. when
are huddling in southern virginia. to come up with a strategy over the drama over the debt ceiling. continuing resolution and sequester cuts. one of them admits it's a tough situation for them. >> there is no celebration in the fact we are a nation of $16 trillion in debt. you have somebody in the white house that says to do the one thing that makes no sense whatsoever. that is raise the debt creeling with no change in the future. that is absurd argument. >> let's get more on the republican messaging from senior political analyst. brit hume. good evening. >> hi, bret. >> the house republicans are not wrong to seek spending cut to allow borrowing by a treasury more than $16 trillion in debt. but in politics it's not enough to be right. you need to be effective. it requires recognition that politics is a team sport and being united is critical. this is true if the party controls one house of congress and the other party not only has the other one but the white house as well. consider what happened in the recent fiscal cliff end game. taxes were set to go up by law on january 1. some house republ
on this side, red on this side. democrats right now hitting the debt ceiling, not raising it. so some republicans say it's manageable. on that issue carl mentioned of default, any missed government employees, that would constitute a default. others are say no, no, we're not paying off the debt itself, that's what default is. on another critical issue, could the government prioritize its payments, take the payments, the cash that's coming in and use it to pay a certain number of things? on this side,ed article mrgs is saying no authority to prioritize, and no ability, and the treasury have different payment systems. republicans say yes, and in fact they're working on a bill right now that the government can pay interest on the debt, social security and the defense and military salaries. on the issue of how markets will react, the idea they'll demand higher rates, some saying they'll overlook this gritlock. finally on the economy, as carl mentioned. alan blinder saying this would be a depression rather than the gop saying otherwise tunnel rather effects. let's do what we call the debt c
. >> in the looming debt ceiling headline and reshuffling the cabinet president obama's second term is front loaded with potential standoffs with the divided congress. mary madeline serveed in three republican administrations -- reagan, george h.w. bush and george w. bush, and also a counselor to former vice president dick cheney. good to see you. mary, happy new year. >> happy new year to you. thanks for having me. >> well, you have been through this before, and you have seen the risks, the perils of second terms. looking at it from afar, from outside the beltway, what are the big challenges that you think president obama has to be concerned about? >> every term it has been exacerbating a lot of the president's weaknesses. if he wants to get along, if he wants to make some progress with republicans, he has to get be less self-righteous. that could be played earlier. he keeps presenting these false choices that it's either getting -- you're either political, you want an a from the nra or you want safe school, safe children. if you have an opposite view, an opposing view, you can't get to the table
in the house of representatives. ronald reagan raised the debt ceiling when necessary without complaint, and raised taxes more than once. and reagan was in favor of a ban on assault weapons just like president obama. >> right, and that comment was a way of saying that these are very centrist reforms, really common sense things that most americans agree with. he emphasized that in a few ways and a few times during that time. and i think the framing you're talking about, too, is really important. it is not just guns they're looking at. they're looking at mental health and research, links between violent media. you know, they are looking at more armed school resource officers at schools and providing funding for that. but i think constantly framing it, these are things that just make sense that the majority of americans support. and how can the republicans be so intransigent, not be even willing to discuss or consider any of these measures. >> richard, a month ago we heard the pundits say hand it off to joe biden and you will be involved in a senate committee process and lose all the momen
democrats are arguing. that's what they want to happen, pushing for a repeal of the federal debt ceiling in response to what they call republican blackmail. art laffer, architect of the reagan tax cuts in the 1980s. good morning to you. >> good morning, bill. i'm fine. bill: blackmail, what do you say? >> blackmail! i think part of the normal checks and balances in government. when the democrats have president and controlled of the senate they don't like republicans to control their spending when. republicans are in control, democrats don't like it. it is a tool used by congress to make sure that we have fair and balanced policy going forward. the one i love, bill, if you look at "the wall street journal" today they have barack obama's speech before the senate when bush was president. and how he was going to vote against raising the debt ceiling and he made this beautiful speech, all of which is perfectly correct. it just now he is on the opposite side of the equation. it is a silly argument. bill: he went on to explain as he has see things differently as senator than president in the wh
this week. on monday he warned republicans to not even think of using the debt ceiling as bargaining leverage. let's listen to him. >> but they will not collect or ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not at bargaining chip. >> on tuesday following a meeting that took place in the west wing, president obama surmounted a huge hurdle in the nomination of chuck hagel to be defense secretary when influential new york senator chuck schumer gave it his blessing. yesterday the president forcefully and emotionally laid out his proposals to curb gun violence and challenged americans to confront the representatives and stand up to the nra. let's listen. >> ask them what's more important, doing whatever it takes to get an "a" grade from the gun lobby that funds their campaigns or giving parents some peace of mind when they drop their child off for first grade. >> joining me is former rnc chair and machines contributor michael steele and de
republicans are meeting in southern virginia to talk about the road ahead on the debt ceiling and other issues, brit hume has analysis. everybody talked about it today where you work. outrageous hoax involving a superstar. college football player and dead girlfriend who never existed. tonight there is new info. "special report" from washington starts at 6:00 eastern. now back to "the five." ♪ ♪ >> dana: keep going. very good. i would love all of nashville to come after you today. earlier this week we discussed boy suspended from school, he was six years old because he made a gesture of a gun and said, "pow." he got suspended. this is not isolated case. this happened in maryland with two boys playing cops and robbers. they got suspended. the other parents at the school didn't think it was too great an idea. listen to them. >> suspending them is harsh. i don't think it will do any good for the parents, child or the school. >> people trying to make example of things they shouldn't. blowing things out of proportion. they have gotten strict and overboard on things. i definitely don't think it w
't go down to the wire and contest the debt ceiling increase. all these things have swept away a lot of nagging concerns and the next thing to worry about is people don't know exactly what the next thing to worry about s is. >> let's turn it over to you. what are you expecting throughout the rest of this earnings season. we haven't had any major blowoffs, but we're not talking about, you know, that great a situation in terms of revenue growth, right? how would you characterize the earnings period? >> well, i think this is really important. all of this is about expectations. we're coming out of this period where investors have ripped a quarter of a trillion dollars out of stocks in favor of bonds. now they are looking at that three-year performance number of let's say the aggregate bond index and the stock market, and they are saying, you know what? earnings, fiscal cliff, all of these things that have kept me on the sidelines, truthfully the expectations just aren't that high. we've already walked down the q4 numbers very quietly, and keep in mind we're hitting the new highs in the
of the upcoming debt ceiling and laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jelly sandwiches rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, double where we were not that long ago, and the analysts were determined to tell you housing is about to go all tepid, numbers don't fit into the scenario, not a negative one and that's the story of the market right now bullish backs getting in the way of the bearish story. now, i will tell you on any given day, we're capable of a serious swoon and we are due for one. holy cow. maybe dow and intel not so hot tonight can cause one sell, sell, sell. this feels like a moment like the mid 1980s where the bulls areaa lay boeing. it seems like when i was a young, curly haired kid. i want to see the amazing con colombia ra glomerate. one of those rare things, when you can get an audience with an investment titan. he heard i had a hot hand.
it up or fake it. they really, really think that it would be better not to raise the debt ceiling, and so what you do is let the democrats on it. we take our republicans and save seats. on things where the leadership is in tune with the base, that's going to be a harder push, because then you're asking someone to vote against their own conscience and against their political interest. >> what happens on immigration? here you actually have "gop leadership." marco rubio is selling his plan to bill o'reilly. we don't have time to play the entire sound, but he talks about getti getting. >> you have to know english and be assimilated. >> what does that mean? >> you wait an unspecified amount of time sxushgs don't get access to medicare and social security. there is some kind of plan and some acknowledgment that the 11 million undocumented workers in this country, we can't preserve the status quo. something has to change. is that enough to endear the gop with hispanics, understanding they're not a monolithic vote? >> republican party has an opportunity to overnight change their way towar
over the debt ceiling, you hit it, calamitous. and you have other words from damaging to manageable, republicans saying we can do this for awhile and it will be okay. i want to look at specific issues here. democrats say any missed government payment is a default. republicans say, no, only when you don't pay the interest on the debt. how about on the issue of can the government prioritize payments so that the incoming cash equals the outgoing cash? really the republicans -- i'm sorry, democrats saying no authority to do this and really no ability to program our computer system to do that. republicans saying you know what? the government can pay just the interest, social security and defense spending meaning military salaries. markets, of course, democrats say they're going to demand higher wage because of this. republicans will suggesting they'll overlook this gridlock. finally on the economy, a lot of folks saying it would cause a depression. republicans say, there are temporary effects here. now, okay, so let's do this. could you, if you were treasury secretary, so you make spendi
obama also has big battles looming over the debt ceiling, budget, immigration. he's already taking heat over the makeup of his cabinet. not enough women. let's talk about that later in the show. >>> and none of the president's second term agenda will be easy with the republicans in congress. take texas congressman steve stockman. he replaced ron paul and is making noise about impeaching the president. it's his second go around in congress. in '94 he was considered far to the right. now he fits in with some of these people. it says a lot how far they have come. >>> finally let me finish with a need for republicans again to choose sides. the wild bunch or the posse? this is "hardball," the place for politics. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. >>> coming up monday, president obama wi
and file about a short-term extension of the nation's debt ceiling. it might be brief, authorization the nation's borrowing authority for a couple of months at the republican retreat in williamsburg, virginia right now. the house budget committee chairman, paul ryan says it might offer a better chance of getting the democratic-controlled senate and white house involved in talks without a deal by march. drastic spending cuts could kick in and the government could face a possible shutdown. there seems to be kate a little movement on that. we'll see how far it goes. >> when they all get back. >>> a key part of every u.s. president's swearing in is of course the bible that he has placed, that he places his hand on when placing the oath of office. cnn's lisa sylvester had a pretty rare look and was able to actually look and touch the bible. >> touched it yourself. >> i've got to say, this was a pretty cool assignment. >> it's very unique and a really neat part of the inauguration. >> this is something that i learned. the library of congress actually has 1,500 bibles in i
he's suggesting. he'd rather have a conversation about guns than the debt ceiling? >> i think the president is trying to get political support from his base, maybe he feels it strengthens him going into negotiations with the republicans or the fiscal issues. listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she's very nice and multiracial -- >> are we rolling on this? i love this. keep the nice part. i would appreciate that. >> she was the irish-american woman of the year, there you go. >> and i accepted. nice to have you congressman, appreciate it. >>> other stories making news john has that for us. >> lots of questions about the story involving notre dame's manti te'o and his girlfriend who was supposed to have d
and on the agenda a possible proposal that would link raising the debt ceiling in exchange for delaying implementation of the affordable care act. the national rifle association is planning president obama's gun-control proposals. david keene earlier on "varney and company". you have a president who is dedicated to achieving an ideological agenda, is willing to spend political capital to fight a fight against -- against public feeling and public attitudes that have been in place for many years and to fight in spite of constitutional safeguards for those attitudes you have a real battle royal. >> the international big committee stripping lance armstrong of its 2000 bronze medal, his interview with oprah winfrey will begin airing tonight. those your latest headlines. we will have more. dennis: thank you. housing starts for december surging to a four year high. another clue for the fragile housing recovery. made in the grass joins me with how to play. a lot of stocks are up 80% to 100% in the past year. is it too late? >> most of the upside is there. if you are looking for another big 80%
in exchange for raising the debt ceiling. really? chris stirewalt is our politics editor and host of power play on foxnews.com, it's like, you know, like they all get together and the house republicans and say who are we and what do we stand for? how are we going to handle this divided government in washington on a go-forward basis and is this one of the top ideas? we'll say, well, we'll raise the debt ceiling, delay implement takes of obamacare. >> we mean kabal in the nicest sense of the world. >> megyn: and they're washing the windows behind you and viewers are wondering what the ropes are behind you. >> maybe some republican trying to escape, i don't know what it is, but the reality they're in a bad position and don't have a lot of good options and you have to be creative when you don't have good options, that's just the deal. and so, yes, something like, we'll accept the debt ceiling for as long as you're willing to hold obamacare in abeyance. the president is not going for that. here is what they know, they have to have something on offer, because they got creamed on the tax issue, n
the debt ceiling. do you think that concession will be enough for the rest of the house republicans to join the democrats for a solution on the debt ceiling. >> we've always raised the debt ceiling. we should pay our bills as the president said, we're not a dead-bet country. i'm glad they finally saw the light. we need to pay our bills and move forward. there is a stronghold of 75 republican tea party members who quite frankly do listen to the tea party in many ways, and hopefully this is a signal that they too need to understand that this should not be an issue. it should not be held honestly. hostage. we should raise the debt ceiling. that's an automatic. we should move forward and talk about how we create jobs. by creating jobs we reduce the deficit. >> jennifer: i'm take taking it as an encouraging sign that the tea party can be moved by public voices. if they can be moved on the debt ceiling of all things, maybe they could be moved on guns. you wrote in the "huffington post," advocating reducing defense spending so you can spend more money and invest in the united states. the question
Search Results 0 to 41 of about 42 (some duplicates have been removed)

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